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Bitcoin to face largest options expiration in history this Friday, potentially driving price higher

BlockBeats news, on December 24, this Friday will see approximately $236 billion worth of Bitcoin options expiring, marking the largest options expiration day in Bitcoin’s history.

Analysis indicates that this expiration event is exceptionally large in scale and overall leans bullish. The max pain (the price level at which option buyers incur the maximum loss and sellers gain the maximum profit at expiration) is $96,000, which is expected to reinforce the upward price trend.